Private sector lender, Karur Vysya Bank (KVB) has inaugurated its bank branch in Tiruvallur district at Poonamallee. With this inauguration, the bank has a total of 730 branches across India and 44 branches in the city. The branch will offer a comprehensive range of facilities including accounts, deposits and loans including home, gold, personal and loan against property along with the facility of credit cards.

Karur Vysya Bank has unveiled its first Aadhaar enrolment centre at Nelson Manickam road in Chennai. With this move, the bank has become the first private sector bank to provide this service in India. Meanwhile, the bank also plans to expand this service to 75 more bank branches across the country.

Karur Vysya Bank (KVB) has reported a significant increase in its net profit by 1 per cent at Rs. 148 crore during the current quarter of FY18 as compared to Rs. 147 during the corresponding quarter of the previous fiscal year. The net profit has increased due to a strong growth in net interest income and reduction in its non-performing assets (NPAs).

2017-06-07 :Karur Vysya Bank revises its MCLR and Base rate

Karur Vysya Bank has revised its MCLR (Marginal cost of Funds Based Lending Rates) and Base rate. For overnight, one month and three month, the new MCLR rate will be 8.95%, while for six month and one year maturities new MCLR is priced at 9.15% and 9.35% respectively. Simultaneously, the bank has revised its base rate also by 20 bps from 10.30 per cent to 10.10 per cent. The new rates will be effective from 7th June, 2017.

Karur Vysya Bank reported net profit of Rs. 152.83 Cr for Q3FY16. Its NII rose by 14.60 per cent supported by an increase in other income & operating profit and lower provisions

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